fy for Growth

Chicago's Spiegel, Inc., third largest
of U.S. mail-order houses, is still a pygmy among giants; Spiegel's
1945 sales were only $70 million to Montgomery Ward's $700 million.
Sears, Roebuck's massive $1 billion. Last week the pygmy was jolted
full of growth hormones.

Some of the hormones were drawn indirectly from the giants themselves.
Nominated to Spiegel's board of directors (and certain of election this
month) were Donald M. Nelson, onetime Sears executive vice president,
and Clement D. Ryan, onetime Ward president. Both men had fallen out
with the giants. Don Nelson, now...